Time and time again we’ve seen public companies grow themselves out of business and one would wonder: Where was their board? While I’ve written many articles about what companies should have in place for sustainable, profitable growth, we haven’t yet looked at the board’s role in the equation. So, what questions does the board need […]
The Governance Committee’s Role in Board Succession Planning, Board Engagement and New Best Practices There are volumes of articles focused on the succession of key management. Historically, however, not much has been written about board succession. This is not surprising, considering in the not-so-distant past, board directors were considered not unlike Supreme Court justices […]
While businesses that make it past early stage have a greater chance of surviving long term with every passing year, growing a company doesn’t become any easier as it ages. There will always be make-or-break decisions on the table, volatile environments to navigate and standard challenges to overcome (like making sure your company’s eggs aren’t […]
Too many companies conduct end-of-year planning with seemingly no or only minimal interest in growth. If you were in their conference rooms you’d likely hear very general statements like, “We need to do better than we did last year.” Or you’d watch them put a percentage on next year’s growth because “that’s the percentage we […]
Before I take you into the specific nature of the growing love between some investors and others and the class of business entity called a benefit corporation, let’s start at the beginning: What is a benefit corporation? According to Wikipedia, a benefit corporation is “a type of for-profit corporate entity authorized by 30 U.S. states […]
